BGDE (Big Digital Energy) Piotroski F-Score: 4 (As of Jun. 26, 2026) — Near Median


BGDE Big Digital Energy Inc BGDE
42 GF Score
Price $9.17
GF Value $5.79
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Big Digital Energy Piotroski F-Score?

Big Digital Energy BGDE -7.62% 42 Piotroski F-Score is 4 as of Jun. 26, 2026, which is at its 10-year median of 4.00. GuruFocus rates BGDE with a GF Score™ of 42/100 and a GF Value™ of $5.79 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 781 Capital Markets companies, Big Digital Energy ranks worse than 56.85% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Big Digital Energy has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Big Digital Energy's Piotroski F-Score or its related term are showing as below:

BGDE' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 5
Current: 4

During the past 13 years, the highest Piotroski F-Score of Big Digital Energy was 5. The lowest was 2. And the median was 4.

Big Digital Energy  (NAS:BGDE) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Big Digital Energy Piotroski F-Score Related Terms


Big Digital Energy Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Big Digital Energy's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Big Digital Energy Piotroski F-Score Chart

Big Digital Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 5.00 2.00 4.00 5.00

Big Digital Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 5.00 5.00 5.00 4.00

BGDE vs GSIW, MDBH, HGBL: Piotroski F-Score Comparison

For the Capital Markets subindustry, Big Digital Energy's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Big Digital Energy Piotroski F-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Big Digital Energy's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Big Digital Energy's Piotroski F-Score falls into.


BGDE
42GF Score
Big Digital Energy Inc BGDE
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -8.021 + 0.328 + -15.652 + 0.61 = $-22.74 Mil.
Cash Flow from Operations was -2.079 + -0.845 + -3.466 + -17.132 = $-23.52 Mil.
Revenue was 9.533 + 13.175 + 3.232 + 4.82 = $30.76 Mil.
Gross Profit was 3.934 + 8.563 + -1.078 + 1.006 = $12.43 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(57.864 + 52.74 + 52.017 + 57.442 + 48.39) / 5 = $53.6906 Mil.
Total Assets at the begining of this year (Mar25) was $57.86 Mil.
Long-Term Debt & Capital Lease Obligation was $1.37 Mil.
Total Current Assets was $19.86 Mil.
Total Current Liabilities was $42.68 Mil.
Net Income was -9.619 + -12.228 + -4.521 + -0.311 = $-26.68 Mil.

Revenue was 13.112 + 12.316 + 15.066 + 13.814 = $54.31 Mil.
Gross Profit was 4.317 + 4.32 + 4.655 + 5.924 = $19.22 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(67.71 + 65.625 + 60.767 + 61.44 + 57.864) / 5 = $62.6812 Mil.
Total Assets at the begining of last year (Mar24) was $67.71 Mil.
Long-Term Debt & Capital Lease Obligation was $2.37 Mil.
Total Current Assets was $20.20 Mil.
Total Current Liabilities was $56.94 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Big Digital Energy's current Net Income (TTM) was -22.74. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Big Digital Energy's current Cash Flow from Operations (TTM) was -23.52. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=-22.735/57.864
=-0.39290405

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-26.679/67.71
=-0.39401861

Big Digital Energy's return on assets of this year was -0.39290405. Big Digital Energy's return on assets of last year was -0.39401861. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Big Digital Energy's current Net Income (TTM) was -22.74. Big Digital Energy's current Cash Flow from Operations (TTM) was -23.52. ==> -23.52 <= -22.74 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1.366/53.6906
=0.02544207

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2.365/62.6812
=0.03773061

Big Digital Energy's gearing of this year was 0.02544207. Big Digital Energy's gearing of last year was 0.03773061. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=19.86/42.681
=0.46531243

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=20.2/56.943
=0.35474071

Big Digital Energy's current ratio of this year was 0.46531243. Big Digital Energy's current ratio of last year was 0.35474071. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Big Digital Energy's number of shares in issue this year was 5.296. Big Digital Energy's number of shares in issue last year was 0.94. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=12.425/30.76
=0.40393368

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=19.216/54.308
=0.35383369

Big Digital Energy's gross margin of this year was 0.40393368. Big Digital Energy's gross margin of last year was 0.35383369. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=30.76/57.864
=0.53159132

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=54.308/67.71
=0.80206764

Big Digital Energy's asset turnover of this year was 0.53159132. Big Digital Energy's asset turnover of last year was 0.80206764. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+1+0+1+1+0+1+0
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Big Digital Energy has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Big Digital Energy (BGDE) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Big Digital Energy and its competitors. This is near median its historical median of 4.00. Over the past decade, Big Digital Energy's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Big Digital Energy ranks #444 out of 781 companies in the Capital Markets industry, placing it in the top 56.9%.
Is Big Digital Energy's Piotroski F-Score too high?
Big Digital Energy's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 5.00. The Capital Markets industry median Piotroski F-Score is 5.00. Big Digital Energy's value of 4 is 20% below this industry median. Based on the distribution chart, Big Digital Energy ranks #444 out of 781 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Big Digital Energy has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Big Digital Energy's Piotroski F-Score compare to GSIW and MDBH?
According to the Capital Markets industry distribution chart, Big Digital Energy ranks #444 out of 781 companies for Piotroski F-Score. This places Big Digital Energy in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Big Digital Energy's value of 4 is 20% below this benchmark. Historically, Big Digital Energy's own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Big Digital Energy has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 781 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Big Digital Energy's current Piotroski F-Score of 4 is 20% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Big Digital Energy and its competitors. For the Capital Markets industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Big Digital Energy's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Big Digital Energy stock overvalued right now?
Based on GuruFocus' analysis, Big Digital Energy (BGDE) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.79, compared to a current price of $9.17 — trading 58.4% above its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Capital Markets industry median of 5.00. Big Digital Energy's overall GF Score™ is 42/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Big Digital Energy (BGDE), the current Piotroski F-Score is 4 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Big Digital Energy (BGDE) Overvalued in 2026?

Based on GuruFocus' analysis, Big Digital Energy stock appears to be overvalued. The current stock price of $9.17 is trading 58.4% above its estimated GF Value™ of $5.79. GuruFocus considers Big Digital Energy to be Significantly Overvalued.

Key valuation signals for BGDE:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: $5.79 vs. price of $9.17 (58.4% above fair value)
  • GF Score™: 42/100 with 7 warning signs
  • Industry Position: 20% below the Capital Markets median (#444 of 781)

No single metric tells the full story. See the BGDE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Big Digital Energy Business Description

Address 950 Railroad Avenue, Midland, PA, USA, 15059
Big Digital Energy Inc, formerly Mawson Infrastructure Group Inc is focused on digital infrastructure platforms. It designs, builds and operates next-generation digital infrastructure platforms for enterprise customers and for its own purposes. The company provides services spanning AI, HPC, digital assets including Bitcoin mining, and other intensive compute applications. The company delivers both self-mining operations and colocation services to enterprise customers with a vertically integrated infrastructure model built for scalability and efficiency. The company also has an energy management business, which utilizes software and analysis, to generate revenue by participating in energy management programs. It operates as one energy management and digital asset mining segment.
42GF Score

Get the complete analysis for BGDE

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.17
Price
$5.79
GF Value